News: Brokerage

SEW-EURODRIVE leases 4,136 s/f from Cummings Properties at 340 Fordham Rd., Wilmington, MA

Wilmington, MA SEW-EURODRIVE has expanded its U.S. footprint with 4,136 s/f at 340 Fordham Rd. The custom-built facility, SEW’s first Massachusetts location, will serve as a regional training and administrative center.

Founded in Germany in 1931, the family-owned manufacturer produces machine automation and power transmission solutions used across numerous industries worldwide. The company operates in 56 countries, with 17 production plants, 92 assembly centers, and more than 22,000 employees.

In addition to the new facility, SEW-EURODRIVE maintains a Northeast Region Assembly Center in Bridgeport, NJ. According to Cummings Properties leasing director Steve Cusano, regional connectivity played a key role in the site selection.

“The Fordham Rd. site offers SEW excellent highway access,” said Cusano, “providing a convenient training destination for vendors traveling from throughout New England.”

Cusano negotiated the lease with Derek Cotoni of Moore Commercial. The agreement included a custom build-out to transform the space from unfinished condition into a fully operational training center.

“Having in-house design and construction professionals allowed us to efficiently deliver a turn-key facility, complete with dedicated electrical and a light R&D component,” said Cusano.

Located off I-93 at Exit 33, Cummings’ Wilmington business corridor offers direct connections to I-95, I-495, and two MBTA commuter rail lines. The Fordham Rd. campus is home to a diverse mix of manufacturers and distributors, including Burlington Machine, Hartley Botanic, Monogram Gourmet Foods, Roland DGA Corporation, and Weston & Sampson CMR.

MORE FROM Brokerage

Hines of Horvath & Tremblay completes the sale of 200 multi-family units in Connecticut for $16.24 million

Norwich, CT Tim Hines of Horvath & Tremblay has facilitated the sale of 200 multi-family units totaling $16.24 million. Hines arranged the sale of an 83 unit multi-family portfolio in Cromwell, Middletown and Norwich, Conn. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $9 million.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
End of the year retail thoughts - by Carol Todreas

End of the year retail thoughts - by Carol Todreas

Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
The rise of AI in CRE - And what it means for every  skilled profession - A broker & appraiser weighs in - by Bryan Plourde

The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde

This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.